5700 20th Avenue NW, Seattle, WA 98107

$1,195,000

Listing courtesy of Coldwell Banker Danforth.

List Price
$1,195,000
Status
ACTIVE
MLS#
1852474
Days on Market
5
Style
55 - 5-9 Units
Building Condition
Good
Area Total SqFt
2448
Lot Size (sq ft)
3,400

Property Description

Great low maintenance 5 unit Building in the Heart of Ballard. This mid rise zoned property (MRRC) is located amongst new apartment buildings all around. Plenty of upside here. You can develop the lot and put a much as 30, 450 sq. ft. units. Or upgrade existing building to maximize the rent. Well maintained brick building that has always been easy to rent. Located within 2 blocks of Market Street. Great investment.

Additional Information

List Date
2021-10-12 00:00:00
Community
Ballard
Potential Terms
Cash Out, Conventional
Year Built
1954
Roof
Torch Down
Heating/Cooling Type
Baseboard
Other Expenses
8248
Energy Source
Electric
School District
Seattle
Total Monthly Income
$6,065
Gross Scheduled Income
$72,780
Vacancy Rate
3
Gross Adjusted Income
$68,615
Tax Year
2020
Insurance Expense
$2,174
W/S/G Expenses
$4,213
Total Expenses
$25,044
Net Operating Income
$43,571
Gross Rent Multiplier
16
Cap Rate
3
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